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Dec 31, 2012
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. >>> mitch mcconnell speaking on the senate floor. let's listen in. >> president said quote for now our most immediate priority is to stop taxes priority is to stop taxes going up for middle class families starting tomorrow, end quote. i agree. he suggested that action on the sequester is something we continue to work on in the coming months. so i agree. let's pass the tax relief portion now. let's take what's been agreed to and get moving. let me say this was not easy to get to. i mean, the vice president and i last spoke about -- yesterday about 12:45 this morning and then again at 6:30 this morning then multiple times during the day this morning. this has been clearly a good faith negotiation. we all want to protect taxpayers. and we can get it done now. right now. so let me be clear. we'll continue to work on finding smarter ways to cut spending, but let's not let that hold up protecting americans from the tax hike that will take place in about ten hours. ten hours from now. we can do this. we must do this. i want my colleagues to
. >>> mitch mcconnell speaking on the senate floor. let's listen in. >> president said quote for now our most immediate priority is to stop taxes priority is to stop taxes going up for middle class families starting tomorrow, end quote. i agree. he suggested that action on the sequester is something we continue to work on in the coming months. so i agree. let's pass the tax relief portion now. let's take what's been agreed to and get moving. let me say this was not easy to get...
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Dec 27, 2012
12/12
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we may still hear from mitch mcconnell. see if we can get a hint of his expectations for the possibility of any deal, and we'll come back with a community as well. stick arns. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. [ rosa ] i'm rosa and i quit smoking with chantix. when the doctor told me that i could smoke for the first week... i'm like...yeah, ok... little did i know that one week later i wasn't smoking. [ male announcer ] along with support, chantix is proven to help people quit smoking. it reduces the urge to smoke. some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after stopping chantix. if you notice any of these stop taking chantix and cal
we may still hear from mitch mcconnell. see if we can get a hint of his expectations for the possibility of any deal, and we'll come back with a community as well. stick arns. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means...
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Nov 27, 2012
11/12
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then mitch mcconnell weighed in too. the nasdaq is lower by 1.5 points off the intrasession lows. same, similar pattern for the day. ditto in terms of the pattern for the s&p 500. lower than less than three points. >> so with all the good news on the economy out today, still no rally for stocks. is it really still all about the fiscal cliff for investors right now? let's talk about that in our clo"closing bell" exchange. steve liesman will have breaking news momentarily. steve, do you have that? >> yes, i do. what we have is a report from the new york fed on consumer finance. what the news shows is that overall, consumer credit outside of real estate is up just a bit. most of that, by the way, is student loan debt, being up about $42 billion inside that $2.7 trillion number. overall, mortgage debt is down and overall debt is down. the basic gist of the details, bill, is that consumer credit continues to decline overall. delinquencies are down and bankruptcies are down. balance sheet repair continues. a little bit more willingness of the consumer to take on some debt and a lot of i
then mitch mcconnell weighed in too. the nasdaq is lower by 1.5 points off the intrasession lows. same, similar pattern for the day. ditto in terms of the pattern for the s&p 500. lower than less than three points. >> so with all the good news on the economy out today, still no rally for stocks. is it really still all about the fiscal cliff for investors right now? let's talk about that in our clo"closing bell" exchange. steve liesman will have breaking news momentarily....
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Dec 29, 2012
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mcconnell will gra have to agree not to filibuster that and the president is daring mitch mcconnell not to engage in a filibuster and it would seem so embarrassing to the public that mcconnell was filibustering a deal for middle-class tax reform. i think that's a risky gamble. i guess the way he, the president, is thinking of it is either he gets that bill on the floor and mcconnell lets it go for a vote and he gets what me wants or we're going over the cliff which i think he probably feels is not such a terrible scenario for him, vis-a-vis the republicans. >> let me ask you, let's bring up the number of votes that harry reid got to get his job and what mitch mcconnell got to get his job and then the president's. the president got 65.6 million votes. senator mcconnell got less than a million, 954,000 and senator reid, 363,000. a man whos had got 65 million votes has handed off the leadership of this key issue to two men combined who haven't gotten even 1.5 million votes. they represent fewer than 1.5 million people in america and he's seated leadershceded leade. why? >> obama has al
mcconnell will gra have to agree not to filibuster that and the president is daring mitch mcconnell not to engage in a filibuster and it would seem so embarrassing to the public that mcconnell was filibustering a deal for middle-class tax reform. i think that's a risky gamble. i guess the way he, the president, is thinking of it is either he gets that bill on the floor and mcconnell lets it go for a vote and he gets what me wants or we're going over the cliff which i think he probably feels is...
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Dec 27, 2012
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. >> senate republican leader mitch mcconnell adding his voice to a day that has seen a number of people talking, including that man, harry reid, the majority leader of the senate. we've been getting mixed signals. the biggest signal we got was regarding the house which is coming back to -- reconvening sunday night, and that brought the market back in a big way, but now we're hearing from mitch mcconnell and let's bring in eamon javers there on capitol hill, i mean, the rumor had been, a lot of traders talking here, eamon, that maybe there's a dell brewing between the president and the senate. that doesn't sound like anything is going on right now according to rich mcconnell. >> what we got was a facebook post from scott brown who said he was come back to washington and jumping on an airplane to review some new proposal from the president that they expected to get. the whole afternoon has been spent by reporters trying -- trying to figure out what was going on. now harry vaed responding to mcconnell so let's right to it. >> he's upset because, quote, the phone never rang. he complains i'
. >> senate republican leader mitch mcconnell adding his voice to a day that has seen a number of people talking, including that man, harry reid, the majority leader of the senate. we've been getting mixed signals. the biggest signal we got was regarding the house which is coming back to -- reconvening sunday night, and that brought the market back in a big way, but now we're hearing from mitch mcconnell and let's bring in eamon javers there on capitol hill, i mean, the rumor had been, a...
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Dec 21, 2012
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mitch mcconnell there, john, offering up what seems to be an old plan. let's go back to the legislation passed in the house that extend the tax cuts for everyone in exchange for the promise of tax reform in the future. is that going to fly at all? >> no. and now we've scent perfect crack up in washington. you had the house of representatives bringing up what the speaker described as a new plan and then killing it himself because i didn't have the votes saying, the house should pass the bill they passed earlier this year knowing we wouldn't pass it. and the minority leader said no, they should pass the bill the house passed knowing the senate wouldn't pass it. so we now have a finger-pointing squer size. i hope and believe there are still private negotiations going on, at least at the staff level and maybe a higher level than that to try to salvage the situation but they public display that we just saw was pretty discouraging, if you take it on its face. >> what's next, then? >> i believe that what is next is conversations today, tomorrow, sunday, involvi
mitch mcconnell there, john, offering up what seems to be an old plan. let's go back to the legislation passed in the house that extend the tax cuts for everyone in exchange for the promise of tax reform in the future. is that going to fly at all? >> no. and now we've scent perfect crack up in washington. you had the house of representatives bringing up what the speaker described as a new plan and then killing it himself because i didn't have the votes saying, the house should pass the...
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Nov 27, 2012
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and mitch mcconnell is quoting as saying democrats are not turning off the campaign which implies they are sticking to the party lines not willing to compromise which gives the markets a picture of just -- >> it is the same that we have had for over a year and the same we will have until we get a deal. what mitch mcconnell was saying moments after harry reid spoke is he doesn't like the fact that the president is going to pennsylvania to do a campaign style speech about the fiscal cliff to try to rally people to his way of thinking. he thinks that is sorlt of a permanent campaign but the white house thinks they will put political pressure on public pressure on republicans to get to the deal because they think they have the more popular side of the argument. what we are seeing is this negotiation going on. we are going to keep seeing that so people shouldn't necessarily start to freak out. >> obama is going to a toy factory, correct, tomorrow? a toy factory during the holiday shopping season ahead of christmas. >> tomorrow he will be meeting with ceos including goldman sachs and some wi
and mitch mcconnell is quoting as saying democrats are not turning off the campaign which implies they are sticking to the party lines not willing to compromise which gives the markets a picture of just -- >> it is the same that we have had for over a year and the same we will have until we get a deal. what mitch mcconnell was saying moments after harry reid spoke is he doesn't like the fact that the president is going to pennsylvania to do a campaign style speech about the fiscal cliff...
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Dec 21, 2012
12/12
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they've had a choice between whether to try to revive a bipartisan deal that would involve mitch mcconnell the republican leader, harry reid and the president, maybe even john boehner, try to pass it in the senate next week and move it over to the house or just do something very bare bones, temporary extension of the tax cuts for people under $ 250,000 a month or so, temporary spending cuts for a month or so to put off the sequester. maybe deal with the doc fix, the addressing what doctors get for treating medicare patients, extend unemployment insurance. those kind of things could be in a small deal that the congress could pass, and avoid the rattling the markets and rattling americans by going over the cliff. but we've got to see what the president and harry reid have cooked up. >> if that slimmeddown version is presented to the republicans, john, would you anticipate that that would pass? >> i would. the implication from this republican aide was that that's the kind of thing that would get us through the next ten days. get it past the senate. get it past the house. and we go to fight an
they've had a choice between whether to try to revive a bipartisan deal that would involve mitch mcconnell the republican leader, harry reid and the president, maybe even john boehner, try to pass it in the senate next week and move it over to the house or just do something very bare bones, temporary extension of the tax cuts for people under $ 250,000 a month or so, temporary spending cuts for a month or so to put off the sequester. maybe deal with the doc fix, the addressing what doctors get...
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Dec 31, 2012
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which will -- it will be interesting to see if that's how the republican leader, mitch mcconnell, who is the key here, does he sign off on a deal. if he signs off on a deal, something will happen. does he read that and say, boy, we need to take this tax issue off the table. he is a big believer of this. give the president his tax hike on the rich now. fight him on everything else when taxes aren't part of the conversation. fight him on everything else in six weeks when the debt ceiling is hit or eight weeks, 12 weeks, whenever that fight happens, and do that. i do think that mcconnell -- that's where he wants to be. can he get there in the next 24 hours? that's what we don't know. >> tom brokaw? >> well, it seems to me that the middle class is going to have a date for the prom. everybody is talking about protecting the middle class here. so i think this deal will probably get done around the middle class tax cut. it's at what level. $400,000 or $250,000 or some other number. which is going to be critically important. a lot of people don't realize in a large urban and suburban areas of
which will -- it will be interesting to see if that's how the republican leader, mitch mcconnell, who is the key here, does he sign off on a deal. if he signs off on a deal, something will happen. does he read that and say, boy, we need to take this tax issue off the table. he is a big believer of this. give the president his tax hike on the rich now. fight him on everything else when taxes aren't part of the conversation. fight him on everything else in six weeks when the debt ceiling is hit...
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Dec 28, 2012
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it is very clear that boehner and mitch mcconnell have made clear, if the president wants a dollar of debt ceiling increase, we need to cut spending a dollar, and that goes for $1 trillion because the president is going to want a trillion dollar debt ceiling increase because of the debt he's running up. that kind of spending restraint is exactly the kind of thing we need to do in the future for any debt ceiling increase period. >> okay. and as you see there, bob corker will join "the squawk pox" gang on monday morning. grover, always good to see you, thank you. >> thank you very much. >> president obama, congressional leaders meeting at the white house to avoid the fiscal cliff. we'll bring you the latest developments on that any minute now. >> also, we'll check up on health care, one of the year's best performing sectors. we'll find out if it's going to run out of steam in the new year and name some names for you coming up. >> and later on, big sky, big jump in estate taxes if congress fails to reach a deal on the cliff. we'll talk to a montana rancher who is pretty upset. coming up,
it is very clear that boehner and mitch mcconnell have made clear, if the president wants a dollar of debt ceiling increase, we need to cut spending a dollar, and that goes for $1 trillion because the president is going to want a trillion dollar debt ceiling increase because of the debt he's running up. that kind of spending restraint is exactly the kind of thing we need to do in the future for any debt ceiling increase period. >> okay. and as you see there, bob corker will join "the...
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Nov 16, 2012
11/12
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he meets with harry reid, mitch mcconnell, john boehner and in an say palau and i. in an say pelosi. speaking on on thursday, simpson and bowles said washington hasn't been able to resolve the fiscal cliff because lawmakers haven't been focused on what's right for the country. >> leaders think it would be to their advantage to go off the fiscal cliff. what a wonderful trait that is, that we can win more as democrats if we let it go or more as complains. people are sick of that and they're ashamed of it. >> if we do get our house in order, future of america is really bright. if we don't, we're well on our way it to becoming a second rate power. >> bowles sees a one third chan of a deal during the lame duck session of congress. a one third chance nothing gets done and the economy moves into chaos. let's hear in michael gurhka. the economy moving in to chaos, is that why we're seeing this market action? >> i'm not surprised because on the equity side, it's always about confidence and right now a lot of politicians have not given the market any confidence whatsoever. so
he meets with harry reid, mitch mcconnell, john boehner and in an say palau and i. in an say pelosi. speaking on on thursday, simpson and bowles said washington hasn't been able to resolve the fiscal cliff because lawmakers haven't been focused on what's right for the country. >> leaders think it would be to their advantage to go off the fiscal cliff. what a wonderful trait that is, that we can win more as democrats if we let it go or more as complains. people are sick of that and they're...
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Dec 4, 2012
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i talked to mitch mcconnell, the republican leader up here. he didn't seem as bothered by the boehner proposal. he told me i'm glad that they are at least talking and harry reid said something very interesting to me, the democratic senate leader. he said that boehner might be in a position now where he has to choose between keeping the speakership and protect country, very tough stakes from harry reid, really putting you the pressure on speaker boehner. tyler? >> we are hearing word that potentially new senator elizabeth warren of massachusetts may join the senate banking committee. have you heard that? what does that mean? >> we have heard that. we have been able to confirm that independently. and it is something that the wall street lobby here in washington was expecting to see. they thought that elizabeth warren would angle into and be able to get it under harry reid. i think the question now from what kind of senator does elizabeth warren become? a lot of folks here think she will try to broaden her mandate a little bit outside of the wall
i talked to mitch mcconnell, the republican leader up here. he didn't seem as bothered by the boehner proposal. he told me i'm glad that they are at least talking and harry reid said something very interesting to me, the democratic senate leader. he said that boehner might be in a position now where he has to choose between keeping the speakership and protect country, very tough stakes from harry reid, really putting you the pressure on speaker boehner. tyler? >> we are hearing word that...
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Dec 31, 2012
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as you may know by now, mitch mcconnell just arrived on capitol hill a few moments ago. we'll be waiting to see whether senator mcconnell's discussions with the vice president, joe biden, have produced a working deal. we've bp getting headlines all morning long, major progress, not at all like the headlines we were getting last night which was quite the opposite. of course, as the headlines become available, we'll be bringing them to you live. for the last day of the year, it is more high drama than we're used to. >> it is. the markets really are holding pretty steady in light, despite this dram a i should say. the dow down by about .10%. the nasdaq has been powering higher in this session, in terms of the major indices. up by about .6%. fairly calm in the markets so far. >> we'll see if john harwood changes any of that. we go to washington with breaking news. john? >> carl, i just spoke to a republican source close to the talks who gave this update. vice president biden and senate republican leader mitch mcconnell last talked at 6:30 this morning. they not only talked a
as you may know by now, mitch mcconnell just arrived on capitol hill a few moments ago. we'll be waiting to see whether senator mcconnell's discussions with the vice president, joe biden, have produced a working deal. we've bp getting headlines all morning long, major progress, not at all like the headlines we were getting last night which was quite the opposite. of course, as the headlines become available, we'll be bringing them to you live. for the last day of the year, it is more high drama...
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Dec 28, 2012
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the president, speaker boehner, harry reid, nancy pelosi, mitch mcconnell will all be there. this could be the beginning of a real endgame for the fiscal cliff conflict. we will keep you updated on any new developments tonight and throughout the day tomorrow on cnbc. >>> now the american psychiatric association says it is okay to give antidepressants to people who are grieving over a recently lost loved one. again, these people are not diagnosed with clinical depression. these are people who have suffered a real loss. can a pill really help you with that? here now is beverly hills psychiatrist dr. carol lieberman. is this a good idea? >> thank you. the whole mental health system is actually falling apart and it goes beyond bereavement and depression. actually, bereavement has a lot of similarities to major depression or at least in some people's cases. the depression comes from loss. so whether it's the loss of a job or a loss of a relationship or a loss of a loved one there really are similar symptoms like a sense of sadness like loss of interest or pleasure in activities th
the president, speaker boehner, harry reid, nancy pelosi, mitch mcconnell will all be there. this could be the beginning of a real endgame for the fiscal cliff conflict. we will keep you updated on any new developments tonight and throughout the day tomorrow on cnbc. >>> now the american psychiatric association says it is okay to give antidepressants to people who are grieving over a recently lost loved one. again, these people are not diagnosed with clinical depression. these are...
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Dec 21, 2012
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one is back channel negotiations between the president, senator reid, mitch mcconnell, maybe even boehner on a bipartisan bill in the senate. but then the speaker would not be able to keep it off the house floor. the other is a fall back kick the can demin muss agreement to temporary for one month put off the sequester, have unemployment insurance extension, doc fix, all those things, but that's not satisfying to anybody, michelle. >> feels like it is a pick a box game and not a single box will be satisfactory at this point. steve liesman, a man with an opinion on everything, what is your opinion here? >> i think john is right. i pretty much put it down the same way. what we have learned and where we are on the cliff, the fir one is the house apparently within pass any tax hikes with a majority of the majority. the president now it appears aiming only to extend tax cuts for income below 250. senate can adopt a tax cut extension. as john said, the house can pass the extension with democratic support. the issue now, and i'm fascinated to hear what the two best in the business we have on thi
one is back channel negotiations between the president, senator reid, mitch mcconnell, maybe even boehner on a bipartisan bill in the senate. but then the speaker would not be able to keep it off the house floor. the other is a fall back kick the can demin muss agreement to temporary for one month put off the sequester, have unemployment insurance extension, doc fix, all those things, but that's not satisfying to anybody, michelle. >> feels like it is a pick a box game and not a single...
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Dec 31, 2012
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at least closer to some kind of agreement as vice president biden and mitch mcconnell have been speaking for the last several hours, maybe 12, 24 hours or so. at least those two gentlemen seem to be moving the ball forward or the mark set anticipating that. what can we -- the president comes out and makes a positive comment, okay, that we either have a deal in principle. there are still a lot of variables to take into consideration. >> yes. >> the house is the wild card. >> house is the wild card in the whole thing. >> do you do anything to set yourself up for the other side? >> no. >> that's what people will be thinking as they watch this network. >> my strategy remains, stay with the quality companies. use the dips to buy them. don't try and hit bottoms but don't buy an expectation af nounsments. you know it is not a very, very broad agreement. i think the mark goes up. i don't think there is a big sell-off. but i think is rest. >> bk, are you looking at the same moving goal that i am? a move of a one and a third percent? and that's a spike. and i'm curious to know why this is happenin
at least closer to some kind of agreement as vice president biden and mitch mcconnell have been speaking for the last several hours, maybe 12, 24 hours or so. at least those two gentlemen seem to be moving the ball forward or the mark set anticipating that. what can we -- the president comes out and makes a positive comment, okay, that we either have a deal in principle. there are still a lot of variables to take into consideration. >> yes. >> the house is the wild card. >>...
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Nov 29, 2012
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mcconnell's office today. we know they're speaking to one another. we don't know what they're saying. this is very much a negotiation. john boehner was offered the opportunity earlier today at his press conference to say that talks had broken down or he was walking away from talks. he kind of laughed that question off and said, no, no, no, that's not what i'm saying. so publicly, we're going to see a lot of bluster. behind the scenes, they are talking. >> all right. it's still windy in washington right now. >> thanks, eamon. see you later. we're in the final stretch of trading. this market has given up much of an earlier rally. up about 28 points on the dow industrials after being up 77 points earlier. >> deal or no deal? there's always a way to make money in the markets. our pros will tell you how you should be investing ahead of this mess being cleaned up in washington. compromise. what a concept. >> we'll see. >>> then find out how barry sternlicht is allocating capital today. he'll join me at 4:10 today. b
mcconnell's office today. we know they're speaking to one another. we don't know what they're saying. this is very much a negotiation. john boehner was offered the opportunity earlier today at his press conference to say that talks had broken down or he was walking away from talks. he kind of laughed that question off and said, no, no, no, that's not what i'm saying. so publicly, we're going to see a lot of bluster. behind the scenes, they are talking. >> all right. it's still windy in...
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Nov 28, 2012
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mcconnell as well today. john boehner, the house speaker delivers his comments and now the president a couple hours before he meets with several of the nation's ceos on the economy and the fiscal cliff. let's go down to washington and get some reaction from our john harwood, who's been listening in. john, i think it's fair to say that the house speaker sounded a bit more conciliatory today, saying things like he's willing to put revenue on the table, yet again he's optimistic a deal can be reached. i'm not sure the president sounded so much. >> reporter: what you heard there, scott, was the president trying to leverage his advantage in public opinion. remember a couple things, first he just won the election. second of all, his position on raising taxes on top earners is very popular in the country, well over 60% of the american people say they want that to happen. you've begun to hear some republicans say they ought to do what the president just asked for. tom cole, a conservative congressman from oklahoma, f
mcconnell as well today. john boehner, the house speaker delivers his comments and now the president a couple hours before he meets with several of the nation's ceos on the economy and the fiscal cliff. let's go down to washington and get some reaction from our john harwood, who's been listening in. john, i think it's fair to say that the house speaker sounded a bit more conciliatory today, saying things like he's willing to put revenue on the table, yet again he's optimistic a deal can be...
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Nov 29, 2012
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mcconnell's office. the white house guy going back and forth between the two leaders in the senate physically with papers under his arm. that indicates, at least, you know, from a guy standing in the hallway, which i was today, that talks are going back and forth. you know, we'll have to see where they resolve. the paper that the wall street jurm journal is putting out now is probably not going to be the kind of thing that can form the basis of a deal that republicans would sign on to, especially if this is true what they're saying is the white house wants at least $50 billion in new spending at a time when everyone had been thinking what we're talking about here is spending cuts. >> eamon, is there a new dynamic here when we're watching senior staff run in between these, you know, minds versus 2010 when he people face to face with egos in the room. i'm trying to figure out, is this better or worse than that grand bargain that never happened? maybe it might be better not having the egos in a room. it cer
mcconnell's office. the white house guy going back and forth between the two leaders in the senate physically with papers under his arm. that indicates, at least, you know, from a guy standing in the hallway, which i was today, that talks are going back and forth. you know, we'll have to see where they resolve. the paper that the wall street jurm journal is putting out now is probably not going to be the kind of thing that can form the basis of a deal that republicans would sign on to,...
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Dec 18, 2012
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we're also hearing from mitch mcconnell, republican leader talking to reporters now. get you a sense of what he's saying as well. harry reid putting pressure back on house republicans. i would view all this as negotiating rhetoric here as each side tries to put political blame squarely in the lap of the other side. >> eamon, thank you. i know we'll get more later on. >> for all those eager to get to street talk, you're in luck. feel good stocks. we need good news. why don't we start with arbitron and nielsen. m and a. nielsen buying arbitron, 26% premium here. nielsen, rating service wants arbitron's rating service. another two hours of media consumption so they can learn about our viewing habits. >> greenbrier industries, what are they up to. >> railcarmaker. icahn propped the rail company buy greenbrier. this is a plan he had five years ago, kind of reviesing the past. up 5% since announced icahn acquired another 10 pours. >> mentioned twice on "street signs" today, what's happening with nokia. >> up 4%. it's not getting a lot of attention but cnet skber viewed the
we're also hearing from mitch mcconnell, republican leader talking to reporters now. get you a sense of what he's saying as well. harry reid putting pressure back on house republicans. i would view all this as negotiating rhetoric here as each side tries to put political blame squarely in the lap of the other side. >> eamon, thank you. i know we'll get more later on. >> for all those eager to get to street talk, you're in luck. feel good stocks. we need good news. why don't we start...
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May 10, 2012
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mcconnell has had a strategy for almost four years of literally filibustering everything. they can't take a vote on whether to take a bathroom break without it being filibustered by the republican party -- >> put it out there. >> go ahead. go ahead -- >> won't even try it. >> nothing can come to the floor. >> the rules of the senate to block a vote on barack obama's job still? >> nothing will come to the floor -- >> nothing can come to the floor because -- >> that's not true. things do come to the floor. so you have, for instance, that totally outratalls supposedly bill to create 20,000 jobs in the keystone pipeline. and there's more than a majority of senators who want to pass that. there are democrats who want to pass that as well as republicans. mr. reid and the president called and twisted arms to make sure they couldn't get enough to overcome the filibuster. >> kim, let me ask you another one. hold on, joy. the bush tax cuts must be extended. they have to be extended. everybody with a pea brain knows that, kim. they may not be extended permanently. but you don't want
mcconnell has had a strategy for almost four years of literally filibustering everything. they can't take a vote on whether to take a bathroom break without it being filibustered by the republican party -- >> put it out there. >> go ahead. go ahead -- >> won't even try it. >> nothing can come to the floor. >> the rules of the senate to block a vote on barack obama's job still? >> nothing will come to the floor -- >> nothing can come to the floor because...
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Nov 15, 2012
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. >> mitch mcconnell has been the guy out there saying it, and all republicans are not willing to have any new tax increases. >> that's not true. there's a difference between raising revenues and raising taxes. >> no, i said tax increases, though. tell me, am i wrong about that, steve? >> no, you are wrong. >> when did he say differently? >> look, i interviewed him this week. he said it many times. he said it on the senate floor. we're willing to compromise on raising taxes. that's something that a lot of republicans aren't real happy with, but he said look, i'm willing to put revenues on the table. but what he's saying, keith, let's be very clear. >> you're saying revenue. i'm saying tax increases. >> right. >> the bush tax rates -- no, i'm talking about bush tax rates. they expire on december 31st contin. >> that's what republicans won't agree to. the answer is no, we're not going to let those rates go up because it's going to do significant damage to the economy. >> like it did during the clinton administration when they created 20 million jobs. >> you're only growing at 2%. you don
. >> mitch mcconnell has been the guy out there saying it, and all republicans are not willing to have any new tax increases. >> that's not true. there's a difference between raising revenues and raising taxes. >> no, i said tax increases, though. tell me, am i wrong about that, steve? >> no, you are wrong. >> when did he say differently? >> look, i interviewed him this week. he said it many times. he said it on the senate floor. we're willing to compromise...
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Dec 28, 2012
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minority leader mitch mcconnell says there's still time for an agreement. >> republicans aren't likely to sign a blank check just because we find ourselves at the edge of the cliff. that wouldn't be fair to the american people. >> now, a new reuters poll shows americans blame republicans more than democrats or president obama for the fiscal crisis. and when asked who they held more response, 27% said the gop, 6% pointed to the dems and 30% said all of the above. for more on this, we're joined by christian schultz from barronberg bank. welcome. so we're going over the fiscal cliff. >> well, the consumer confidenc already be over the cliff in terms of confidence already. that might already be the first impact of the crisis of -- not of the crisis, but yes of the fiscal cliff. it seems we have this moment where this animal goes over the cliff, all limbs are still rotating around and we're staring into the abyss and eventually we're going to fold. >> i love that mental image. >> but it was the expectations component of that confidence data yesterday that was responsible for the headline de
minority leader mitch mcconnell says there's still time for an agreement. >> republicans aren't likely to sign a blank check just because we find ourselves at the edge of the cliff. that wouldn't be fair to the american people. >> now, a new reuters poll shows americans blame republicans more than democrats or president obama for the fiscal crisis. and when asked who they held more response, 27% said the gop, 6% pointed to the dems and 30% said all of the above. for more on this,...
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Nov 29, 2012
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i saw rob nabors, the legislators aide from the white house in mitch mcconnell's office ws office, but something is happening here and we're just trying to stay out in the hallway and parse it all out, figure out what the horse trading is all about here. >> or get a hoefltd person who brought in the sandwiches and see what he or she heard. >> i wanted to slip my iphone on it the to the lunch plate as it went in! >> excellent idea. thank you very much. >>> maybe they should be serving kenny's recipe of today which is eggs and purgatory. because this is what this market feels like. it feels like it's in purgatory right now. it can't figure out when it's going to be able to move decidedly higher or move decidedly lower. >> you know what it's telling you? it's telling you at any whiff of positive news, any sense that there is going to be a deal, a deal that it believes, the market wants to move higher. it just wants clarity. any sense of this confusion or lack of clarity and we see what happened. right? right after boehner's quote. he made some good points. republicans realizes taxes are g
i saw rob nabors, the legislators aide from the white house in mitch mcconnell's office ws office, but something is happening here and we're just trying to stay out in the hallway and parse it all out, figure out what the horse trading is all about here. >> or get a hoefltd person who brought in the sandwiches and see what he or she heard. >> i wanted to slip my iphone on it the to the lunch plate as it went in! >> excellent idea. thank you very much. >>> maybe they...
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Dec 28, 2012
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the bottom line is, you've got one person objecting, mitch mcconnell. i like mitch mcconnell. he's not a terrible guy. but he keeps objecting and that's going to be the problem. he's going to be the decider on this. if he can get his caucus to coalesce and get 60 votes or no objections, something's going to come out of the senate. it's too late to get it done by january 1st. we're going off the cliff, boys. >> all right. how far -- >> i want to try out my idea. >> okay. >> because i still think we're talking about end of january, early february. that's where this goes. when do you think this happens? is it a massive grand bargain? ultimately has to happen, that deals with the debt ceiling, as well? are we talking about a baby deal middle of january? what does it look like? >> i think middle of january, they'll have it all wrapped up by the time -- listen, they get all sworn in on january 3rd, believe me they don't want to stick around. but they're going to have to. so the longer they sit around here the more upset they're going to be. and at that point everything is expired. s
the bottom line is, you've got one person objecting, mitch mcconnell. i like mitch mcconnell. he's not a terrible guy. but he keeps objecting and that's going to be the problem. he's going to be the decider on this. if he can get his caucus to coalesce and get 60 votes or no objections, something's going to come out of the senate. it's too late to get it done by january 1st. we're going off the cliff, boys. >> all right. how far -- >> i want to try out my idea. >> okay....
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Nov 29, 2012
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geithner will lunch with mitch mcconnell and then house minority leader nancy pelosi. president obama is signaling he's flexible on on where tax rates should go for the wealthiest americans. a return to the clinton era tax rates would have households pay between 36% to 39%. the president met with a group of 14 ceos wednesday afternoon. they offered support for resolving the if i can crisis with a proposal for higher taxes for those who make more than a quarter million dollars a year. sdl bo >> both sides have acknowledged that there will be revenue concessions and sbilgtment cent concessio concessions. i'm not a master of the political art here, but i would say if you have these point of views in a business context as close as they are, i would say a deal would be in reach. >> ford chairman bill ford junior agrees with blankfein saying he's confident the obama administration can reach a deal with congress to avoid the fiscal cliff. but speaking with reporters in bangkok, he says the automaker is prepared for any outcome. cnbc has learned the completion of the so-called
geithner will lunch with mitch mcconnell and then house minority leader nancy pelosi. president obama is signaling he's flexible on on where tax rates should go for the wealthiest americans. a return to the clinton era tax rates would have households pay between 36% to 39%. the president met with a group of 14 ceos wednesday afternoon. they offered support for resolving the if i can crisis with a proposal for higher taxes for those who make more than a quarter million dollars a year. sdl bo...
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Dec 31, 2012
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>> not a given, but i think the chances are pretty good that if mitch mcconnell comes out, strikes a deal, blesses it, it gets 60 plus votes in the senate, which means some -- a slug of republicans are going along with democrats to vote for it, they might lose some democrats on it, i think then it would be very difficult for john boehner on the last day to keep that off the house floor. john boehner has followed what denny hastert used to impose as the majority of the majority rule. you don't bring something to the floor unless most of your members are for it. i think john boehner in this case would be willing to set that aside. he would have something else for his members to vote for, which would be more favorable to those die hard conservatives who oppose the deal, but i think he would put it on the floor and i think eld pass. >> joining us now on the set is republican congresswoman shelly moore-capito and democratic congressman greg meeks from new york. congresswoman, i think he could do that and bring it and still be fine on january 3rd. is that your view? he would be re-elected
>> not a given, but i think the chances are pretty good that if mitch mcconnell comes out, strikes a deal, blesses it, it gets 60 plus votes in the senate, which means some -- a slug of republicans are going along with democrats to vote for it, they might lose some democrats on it, i think then it would be very difficult for john boehner on the last day to keep that off the house floor. john boehner has followed what denny hastert used to impose as the majority of the majority rule. you...
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Nov 27, 2012
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i hope harry reid, mitch mcconnell, john boehner, nancy pelosi will be serious. going over the cliff doesn't make any sense. >> we all remember the t.a.r.p. vote that you reference. that really didn't come to a resolution until the markets -- i would argue -- scared washington. i wonder how important you think that is this time? do stocks need to fall before the two sides really get committed at the table? >> that is a terrific question. that's the main question. in two days we lost 1,600 points in the markets. it took us a lot longer time to come back and recover. i sat there and stared defeat in the face. we can't do it now. the markets will respond to certainty. that's what congress needs to give american business and american people. certainty about taxes. certainty about spending in congress and certainty about our commitment to lower the debt. >> how do you argue that you are considering all elements of reform if in fact you're going to stick by the norquist pledge. is there anything wrong with as senator graham has said with saying i made that pledge back
i hope harry reid, mitch mcconnell, john boehner, nancy pelosi will be serious. going over the cliff doesn't make any sense. >> we all remember the t.a.r.p. vote that you reference. that really didn't come to a resolution until the markets -- i would argue -- scared washington. i wonder how important you think that is this time? do stocks need to fall before the two sides really get committed at the table? >> that is a terrific question. that's the main question. in two days we lost...
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Nov 29, 2012
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also lunch with republican senate minority leader mitch mcconnell and nancy pelosi. yesterday a number of high profile corporate leaders met with president obama at the white house, including lloyd blankfein. >> both sides have acknowledge there had is revenue concessions and entitlement concessions. in fact if you listen to it, again, i'm not a master of the political art here, but i would say if you have these point of views in a business context, i would say a deal would be in reach. >> among our guests this morning, we have ron johnson. at the white house today, president obama will host mitt romney for a private lunch. it's their first meeting since the election. and this his victory speech, obama promised to engage with romney and consider his ideas. >> a lot of people didn't think the lunch would ever happen. >> interesting if he's going to be talking about ideas, mitt romney's idea had been to reach some sort of a cap on it 00 mem deductions. >> he would have just extended the bush tax cuts and then the other stuff would have been -- but if romney had been el
also lunch with republican senate minority leader mitch mcconnell and nancy pelosi. yesterday a number of high profile corporate leaders met with president obama at the white house, including lloyd blankfein. >> both sides have acknowledge there had is revenue concessions and entitlement concessions. in fact if you listen to it, again, i'm not a master of the political art here, but i would say if you have these point of views in a business context, i would say a deal would be in reach....
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Dec 21, 2012
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the question is going to be does mitch mcconnell, who has been standing on the sidelines concerned by the inability of the house republicans to act, which he steps in and makes or permits a deal again reid and the president and republicans and the senate. >> john, walk us through the per mutations. >> the permutations are that the president, mitch mcconnell and harry reid negotiate a deal. you get a certain slug of republican senators -- there is a by partisan majority in the senate. there's one in the house, as well, if it were allowed to work its will. but in the senate, you have the kind of deal that was negotiating. if they pass that with a large vote on the senate, the pressure with the speaker to allow a bipartisan vote would be very intense. so the question is going to be can they do that on the senate side? if they can't, we'll be left with a situation where taxes go up on everybody. then the administration will propose to shield people 250,000 and below. challenge republicans to oppose it and they'll have to figure out some way to turn off the automatic spending cuts sequeste
the question is going to be does mitch mcconnell, who has been standing on the sidelines concerned by the inability of the house republicans to act, which he steps in and makes or permits a deal again reid and the president and republicans and the senate. >> john, walk us through the per mutations. >> the permutations are that the president, mitch mcconnell and harry reid negotiate a deal. you get a certain slug of republican senators -- there is a by partisan majority in the...
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Dec 19, 2012
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so if you're sitting there as mitch mcconnell, you know, his greatest worry is not that he can win re-election versus the democrat, but he's going to be primaried on the right. unfortunately, your phrase, "rise above" is what we really need here, because the country, business leaders, the economy, desperately needs certainty and a comprehensive solution, not a plan b. >> did you know we will now use that as a sound -- we will have a commercial where we have ralph saying what we really need is rise above? did you do that on purpose to live on forever after you leave the show? >> joe, that was my goal coming on today. >> that will work! you do it, too. you say what we need to do is rise above. >> becky and i will quite easily be able to rise above this conversation. there's another point to be made here, which is that everybody wanted a big bang here, $4 trillion this time and we have to do that or nothing and the smaller deal lacks credibility. you look back at the '90s, when ralph and i were involved in "t the carter -- clinton administration, we had three steps that got us to the balanced bud
so if you're sitting there as mitch mcconnell, you know, his greatest worry is not that he can win re-election versus the democrat, but he's going to be primaried on the right. unfortunately, your phrase, "rise above" is what we really need here, because the country, business leaders, the economy, desperately needs certainty and a comprehensive solution, not a plan b. >> did you know we will now use that as a sound -- we will have a commercial where we have ralph saying what we...
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Nov 28, 2012
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a rocky ride in yesterday's session as comments from harry reid and mitch mcconnell sent stocks to session lows. this morning we look to open to the downside. implied open down 25. s&p looking to lose five. beige book home sales ahead. as for picture in europe, a bailout for four spanish banks getting approval from the eu. still stocks are down. italy down by almost one full percentage point. road map for the morning starts off with the fiscal cliff. the president meeting with more ceos today bringing his plan straight to the people culminating in an appearance in a factory later this week. >> costco joins the dividend parting initiating a $7 a share payout on top of the regular dividend. >> and a shake-up at groupon. the board may be considering co-founder being released. >> there's powerball fever. 500 million big ones in the pot. how would you spend the money and how does the fiscal cliff factor in? we'll talk strategy with a former lottery winner. >> we begin with the fiscal cliff. this afternoon president obama is scheduled to meet with several business leaders including ceos of home
a rocky ride in yesterday's session as comments from harry reid and mitch mcconnell sent stocks to session lows. this morning we look to open to the downside. implied open down 25. s&p looking to lose five. beige book home sales ahead. as for picture in europe, a bailout for four spanish banks getting approval from the eu. still stocks are down. italy down by almost one full percentage point. road map for the morning starts off with the fiscal cliff. the president meeting with more ceos...
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Nov 28, 2012
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if you have any question about the connection between the fiscal cliff and stocks, mitch mcconnell said the democrats are still in campaign mode. oh no, don't pronounce the e. so it's warren. >> are we close at all there? not really? it is warne. have you been on before? >> no, i have not been on with you. >> then you really haven't been on. >> sorry. >> jim freeman is principal at llc. i'm having mood swings about the fiscal cliff because i'm watching the way it works. and i go between if we did go over at least some of the things that we seem to keep putting off start happening. if we don't go over, i worry that we just take the easy way out and we don't really accomplish -- we just delay the inevitable. where are you on that? >> well, we'd rather see a fist calf stair step. in other words, instead of a cliff, that you reduce the deficit over time in a much more orderly fashion. >> with a plan, though. >> with a plan. exactly. bowles simpson was a plan. >> bowles simpson is so far gone at this point. >> but when you look at those, they all have some come by neigh of spending cuts and
if you have any question about the connection between the fiscal cliff and stocks, mitch mcconnell said the democrats are still in campaign mode. oh no, don't pronounce the e. so it's warren. >> are we close at all there? not really? it is warne. have you been on before? >> no, i have not been on with you. >> then you really haven't been on. >> sorry. >> jim freeman is principal at llc. i'm having mood swings about the fiscal cliff because i'm watching the way it...
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Dec 21, 2012
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mcconnell, that would have -- that it would extend tax cuts for most americans, but not all, that would have some spending cuts, some entitlement cuts in it. that would get sent back to the house. the fallback is a tiny deal that would simply do a one-month delay of the sequester, which would do a temporary extension of most of the tax cuts, would extend the doc fix for -- under medicare and also extend unemployment benefits. but the speaker's hand has gotten weaker here, and he indicated that he still has some flexibility in terms of how he's going to approach this, even at some risk to his speakership. >> after the vote last night, or the nonvote last night, after they walked out of the recess, i spoke to a very senior member of mr. boehner's staff who said to me the following. if the senate sends over a middle class tax extension bill, whether it's $250,000 or $400,000, which seems to be the range, because last night's thing didn't work, all right? that extension of the middle class tax bill will pass the house of representatives, period. it will pass. it will need democratic support
mcconnell, that would have -- that it would extend tax cuts for most americans, but not all, that would have some spending cuts, some entitlement cuts in it. that would get sent back to the house. the fallback is a tiny deal that would simply do a one-month delay of the sequester, which would do a temporary extension of most of the tax cuts, would extend the doc fix for -- under medicare and also extend unemployment benefits. but the speaker's hand has gotten weaker here, and he indicated that...